New Issue: ABN Amro sells $2 million 15% Knock-in Reverse Exchangeables linked to SanDisk

By Jennifer Chiou

New York, Aug. 1 - ABN Amro Bank NV priced a $2 million issue of 15% Knock-in Reverse Exchangeable notes due Aug. 2, 2007 linked to SanDisk Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

Payment at maturity will be determined according to the performance of SanDisk stock. If the stock trades at or below $28.28, the knock-in price, and closes below $47.14, the initial price, investors will receive a number of SanDisk shares equal to $1,000 divided by the initial stock price. The knock-in price is 60% of the initial price. Otherwise, investors will receive par in cash.

Issuer:	ABN Amro Bank NV
Issue:	Knock-in Reverse Exchangeable senior medium-term series A notes
Underlying stock:	SanDisk Corp.
Amount:	$2 million
Maturity:	Aug. 2, 2007
Coupon:	15%, payable quarterly
Price:	Par
Payout at maturity:	If SanDisk stock closes below the knock-in price during the life of the notes and finishes below the initial price, 21.213 shares of SanDisk stock; otherwise par in cash
Initial stock price:	$47.14
Knock-in price:	$28.28, 60% of initial price
Exchange ratio:	21.213 shares, at maturity
Pricing date:	July 28
Settlement date:	Aug. 2
Agents:	LaSalle Financial Services Inc., ABN Amro Inc.
Distribution:	Off shelf

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